Here is something I thought might be helpful to some new traders.My wife recently started her driving lesson. She is very keen to drive, but lack of confidence (and experience). Last evening, before heading out for grocery shopping, I thought it might be a good idea to let her drive while the traffic was low […]
I have been putting in a great deal of time and effort in futures trading lately. From refining strategy, writing plans (scrapping plans), back testing (not your fancy automated testing, I basically replayed markets), setting up accounts, negotiate commissions etc. The intensive process has almost burnt me out sometimes, but it is also a good […]
First of all, AUDUSD approached 0.9130/40 resistance level. This is a daily level, and price reacted and immediately pulled back to intraday (hourly) support level 0.9085. If you managed to get in short position at the first test of 9130 level, the setup should give you around 1 R at 0.9085. (Unless you used a […]
I thought I will write a quick follow up of the USDJPY development. Well, in the bigger picture, price is still trading within the channel as shown in my previous post Here and Here. However, there are some developments in Hourly time frame which I can use to show how I approach the levels. This […]
Here are the harmonic patterns that I trade and some guidelines I use in my trading.